US equity indexes slipped, while government bond yields jumped on Friday after reports that National Economic Council Director Kevin Hassett may not be the frontrunner to become the next chair of the Federal Reserve.
Major US equity indexes eased Friday as government bond yields rose after President Donald Trump signaled Kevin Hassett, the National Economic Council director, may remain in his current role and is no longer the frontrunner to become the next chair of the Federal Reserve.
US equity indexes were muted to mixed, while government bond yields jumped ahead of Friday's close after it emerged that National Economic Council Director Kevin Hassett may not be the frontrunner to become the next chair of the Federal Reserve.
Financial stocks were advancing in late Friday trading, with the NYSE Financial Index adding 0.5% and the State Street Financial Select Sector SPDR ETF up 0.2%. The Philadelphia Housing Index was down 0.7%, and the State Street Real Estate Select Sector SPDR ETF gained 1.2%. Bitcoin was declining 0.6% to $94,994, and the yield for 10-year US Treasuries climbed 7 basis points to 4.23%. In econom...
* Yields edge up, remain range-bound. * Bowman says Fed should be ready to cut rates. * Trump says he may keep Hassett in current role. By Chuck Mikolajczak. U.S. Treasury yields advanced on Friday and were poised for a weekly advance as investors weighed mixed economic data and unprecedented pressure from the White House to lower interest rates.
Financial stocks were advancing in late afternoon trading Friday, with the NYSE Financial Index adding 0.5% and the State Street Financial Select Sector SPDR ETF up 0.2%. The Philadelphia Housing Index was shedding 0.7%, and the State Street Real Estate Select Sector SPDR ETF gained 1.2%. Bitcoin was declining 0.6% to $94,994, and the yield for 10-year US Treasuries climbed 7 basis points to 4....
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each rising 0.7%. The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF rose 1.1%. Bitcoin was declining 0.9% to $95,117, and the yield for 10-year US Treasuries was rising 5.7 basis points to 4.22%. In e...
US equity indexes were muted to mixed in midday trading on Friday amid strong gains in government bond yields, as President Donald Trump appeared to signal National Economic Council Director Kevin Hassett may not be the next head of the Federal Reserve.
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.7%. The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF rose 1%. Bitcoin was declining 0.6% to $95,049, and the yield for 10-year US Treasuries was rising 6 basis points to 4.22%. I...
US equity indexes were mixed in midday trading on Friday amid gains in government bond yields. The Nasdaq Composite rose 0.2% to 23,572.2, with the S&P 500 up 0.2% to 6,955.1, while the Dow Jones Industrial Average was little changed at 49,458.6. Materials, utilities, and consumer staples were among the steepest decliners.
* Yields edge up, remain range-bound. * Several Fed officials due to speak on Friday. * Trump says he may keep Hassett in current role. By Chuck Mikolajczak. U.S. Treasury yields rose on Friday and were on pace for a weekly advance as investors weigh recent economic data and the path of interest rates from the Federal Reserve in the near term.
Euro area benchmark Bund yields were set to end the week little changed, having tracked mixed movements in U.S. Treasuries through the week on ?conflicting signals about the U.S. economy. Germany's 10-year yields were up 0.5 ?basis points at 2.82%, on track for a 0.5 ?bps weekly decline. The spread between U.S. Treasuries and Bunds was at 135 bps and set for a weekly gain of 3 bps.
US equity indexes were off session highs at the close on Thursday after Federal Reserve heavyweights outlined the consequences of damaging the central bank's independence, undermining the boost to risk sentiment from strong earnings and rolling back of threats to strike Iran. The Nasdaq Composite climbed 0.3% to 23,530.02, giving up gains of as much as 1% earlier in the session.
* China reduces holdings of Treasuries to lowest since Sept 2008. * Canada raises holdings to record levels. * US stocks also show foreign inflows. By Gertrude Chavez-Dreyfuss. Foreign holdings of U.S. Treasuries hit record highs in November, rising after two straight months of declines as market sentiment improved after the U.S. federal government ?ended the longest-ever shutdown in history.
Foreign holdings of U.S. Treasuries hit record highs in November, rising after two straight months of declines as market sentiment improved after the U.S. federal government ended the longest-ever shutdown in history. The U.S. government shuttered on October 1, staying closed for a record 43 days.
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.3%. The Philadelphia Housing Index was up 0.9%, and the State Street Real Estate Select Sector SPDR ETF rose 0.7%. Bitcoin was declining 1.5% to $95,522, and the yield for 10-year US Treasuries rose 2 basis points to 4.16%. ...
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.3%. The Philadelphia Housing Index was up 0.9%, and the State Street Real Estate Select Sector SPDR ETF rose 0.7%. Bitcoin was declining 1.5% to $95,522, and the yield for 10-year US Treasuries rose 2 basis points to 4.16%. ...
* Weekly jobless claims stronger than expected. * US import prices rise. * Goolsbee says Fed should focus on inflation. By Chuck Mikolajczak. U.S. Treasury yields were mostly higher on Thursday, after a round of economic data came in stronger than expected, slightly denting expectations the Federal Reserve will cut interest rates in the near term.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was up 0.4%, and the State Street Real Estate Select Sector SPDR ETF rose 0.8%. Bitcoin was declining 0.4% to $96,537, and the yield for 10-year US Treasuries was rising 1.8 basis points to 4.16...
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was up 0.4%, and the State Street Real Estate Select Sector SPDR ETF rose 0.8%. Bitcoin was declining 0.4% to $96,537, and the yield for 10-year US Treasuries was rising 1.8 basis points to 4.16...
* Weekly jobless claims stronger than expected. * US import prices rise. * Goolsbee says Fed should focus on inflation. By Chuck Mikolajczak. U.S. Treasury yields were mostly higher on Thursday, after a flurry of economic data came in stronger than expected, slightly denting expectations the Federal Reserve will cut interest rates in the near term.
Financial stocks declined in Wednesday late afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF shedding 0.2%. The Philadelphia Housing Index was falling 0.8%, and the State Street Real Estate Select Sector SPDR ETF rose 0.9%. Bitcoin was increasing 2.2% to $97,472, and the yield for 10-year US Treasuries fell 3 basis points ...
Financial stocks declined in Wednesday late afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF shedding 0.2%. The Philadelphia Housing Index was falling 0.8%, and the State Street Real Estate Select Sector SPDR ETF rose 0.9%. Bitcoin was increasing 2.2% to $97,472, and the yield for 10-year US Treasuries fell 3 basis points ...
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index down 0.5% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index was falling 1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.5%. Bitcoin was increasing 2% to $97,288, and the yield for 10-year US Treasuries was falling 3 basis points to 4.14%....
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index down 0.5% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index was falling 1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.5%. Bitcoin was increasing 2% to $97,288, and the yield for 10-year US Treasuries was falling 3 basis points to 4.14%....
Government of Canada bonds cheapened on a cross-market basis after the Bank of Canada suggested that the easing cycle is now in the rearview mirror, said National Bank of Canada. The have gained back some ground recently, however, as incoming data in the United States and Canada has spilled over to performance across the curve, noted the bank.
* Producer prices rise moderately in November. * November retail sales top expectations. * Geopolitical tensions in Middle East spur investor caution. * Supreme Court ruling on Trump's tariffs awaited. By Chuck Mikolajczak.
If housing affordability is a priority for U.S. President Donald Trump in an election year, the contradictions in his administration's frenetic new year policy push seem a strange way of getting results. Last week's plan to get federal housing agencies on a $200 billion buying spree of mortgage bonds looks unlikely to get mortgage rates down further by itself, according to many banks.
Financial stocks declined in late Tuesday afternoon trading with the NYSE Financial Index falling 1.3% and the State Street Financial Select Sector SPDR ETF dropping 1.9%. The Philadelphia Housing Index was up 0.1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.6%. Bitcoin gained 3.5% to $94,374, and the yield for 10-year US Treasuries declined 2 basis points to 4.17%. In econo...
Financial stocks declined in late Tuesday afternoon trading with the NYSE Financial Index falling 1.3% and the State Street Financial Select Sector SPDR ETF dropping 1.9%. The Philadelphia Housing Index was up 0.1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.6%. Bitcoin gained 3.5% to $94,374, and the yield for 10-year US Treasuries declined 2 basis points to 4.17%. In corpo...
* CPI rose 0.3% in December, matching expectations. * Fed rate cut expectations remain largely unchanged. * Musalem says no reason near-term for further rate cuts. By Chuck Mikolajczak. U.S. Treasury yields declined on Tuesday, after a reading on inflation for December came in as expected and kept intact market expectations for the path of rate cuts from the Federal Reserve this ?year.
Financial stocks declined in Tuesday afternoon trading with the NYSE Financial Index falling 1.1% and the State Street Financial Select Sector SPDR ETF dropping 1.6%. The Philadelphia Housing Index was little changed, and the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin gained 2.3% to $93,277, and the yield for 10-year US Treasuries declined 2 basis points to 4.17%. In eco...
Financial stocks declined in Tuesday afternoon trading with the NYSE Financial Index falling 1.2% and the State Street Financial Select Sector SPDR ETF dropping 1.8%. The Philadelphia Housing Index eased 0.1%, and the State Street Real Estate Select Sector SPDR ETF shed 0.3%. Bitcoin rose 2.3% to $93,277, and the yield for 10-year US Treasuries declined 2 basis points to 4.17%. In corporate new...
DeFi Development Corp. (DFDV), the first public company with a treasury strategy built to accumulate and compound Solana, today announced that it has partnered with Solstice to deploy a portion of its onchain treasury through Solstice?s institutional-grade YieldVault.
Japanese investors were net sellers of foreign debt in December with U.S. Treasury yields rising, and also sold foreign equities as elevated stock valuations prompted profit-taking. According to ?Japan's Ministry of Finance data, local investors sold a net 374.2 ?billion yen in foreign long-term bonds last month, ?partly reversing the prior month's net 718.9 ?billion yen ?investment.
* Major Wall Street indexes close at record highs from lower start. * Powell accuses government of using legal system against Fed. * Dollar loses its 'New Year bounce' * Gold hits record $4,600 an ounce, oil hits 7-week high. By Isla Binnie.
Financial stocks were lower in late Monday trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF falling 0.9%. The Philadelphia Housing Index was adding 0.2%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was increasing 0.9% to $91,650, and the yield for 10-year US Treasuries rose 2 basis points to nearly 4.19%....
Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF falling 0.9%. The Philadelphia Housing Index was adding 0.2%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was increasing 0.9% to $91,650, and the yield for 10-year US Treasuries rose 2 basis points to nea...
* DOJ sends subpoenas to Fed over building project. * Inflation data due later this week. * 3-year, 10-year auctions set for Monday. By Chuck Mikolajczak.
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF falling 1.1%. The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was increasing 0.7% to $91,442, and the yield for 10-year US Treasuries was slightly higher at 4.18%. I...
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF falling 1.1%. The Philadelphia Housing Index was adding 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was increasing 0.7% to $91,442, and the yield for 10-year US Treasuries was slightly higher at 4.18%. I...
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Log In Required
Publication Date